Percent Application

Front

What is the formula to calculate the discount amount?

Back

Discount Amount = Original Price - Sale Price

Front

How do you calculate the discount rate as a percentage?

Back

Discount Rate = (Discount Amount / Original Price) x 100%

Front

If a meal costs $29.99 and a tip of 15% is added, how do you calculate the tip?

Back

Tip = Meal Price x Tip Rate

Front

What is the formula to find the total price after adding a tip?

Back

Total Price = Meal Price + Tip Amount

Front

How do you calculate sales tax on a purchase?

Back

Sales Tax = Purchase Price x Tax Rate

Front

What is the formula to find the original price if you know the sale price and the discount percentage?

Back

Original Price = Sale Price / (1 - Discount Rate)

Front

If a jacket is bought for $51 after a 40% discount, how do you find the original price?

Back

Original Price = Sale Price / (1 - Discount Rate) = $51 / (1 - 0.40) = $85

Front

What is the relationship between the sale price, original price, and discount?

Back

Sale Price = Original Price - Discount Amount

Front

How do you convert a percentage to a decimal for calculations?

Back

To convert a percentage to a decimal, divide by 100 (e.g., 15% = 0.15).

Front

What is the significance of understanding percent applications in real-life scenarios?

Back

Understanding percent applications helps in making informed financial decisions, such as budgeting, shopping, and tipping.